I'm based in Miami, and interested in building new construction

Shawn - I would suggest you develop a pro forma based on the stabilized state of the property to understand if it cash flows once all units are occupied being sure to include all reasonable revenue assumptions (rents, vacancy factor, etc..) as well as expenses (debt payments, maintenance, utilities, property management, taxes, insurance, turnover costs, etc..)

All comments are valid, but a few things to consider here:First of all, I am not an attorney, so this is not a legal advice, only options based on my experience.-  Subject-to is not being accepted by any lender at the current rates. 

I've called some companies and it seems like the price varies somewhere between 10-20k to move one, based on a number of different variables.

I made an offer based on 2020 performance and they accepted it!

Would you make an offer on this property based on these projected returns?

And don't forget to equip your outdoor space if you have one because that is a major draw. 

Once you have an established budget/pre-approval, you can rule out specific markets based on price points. 

Our value of the building was based on its potential to gross approx. 22K a month and the amount of work it will take to get it there.

I need some advice. I was told by 2 lenders that my DTI is too high because my taxes show a loss on rental income. The rental income loss cannot be included as income for last year (2018).   I would like to buy a seco...